Regent Investment Management LLC continued to hold its position in shares of Dow Chemical Company (The) (NYSE:DOW) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,000 shares of the basic materials company’s stock at the end of the second quarter. Regent Investment Management LLC’s holdings in Dow Chemical Company (The) were worth $378,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. CrestPoint Capital Management LLC raised its position in shares of Dow Chemical Company (The) by 0.6% in the second quarter. CrestPoint Capital Management LLC now owns 33,800 shares of the basic materials company’s stock valued at $2,132,000 after buying an additional 200 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Dow Chemical Company (The) by 0.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 197,132 shares of the basic materials company’s stock valued at $12,433,000 after buying an additional 800 shares in the last quarter. Winslow Evans & Crocker Inc. raised its position in shares of Dow Chemical Company (The) by 13.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 4,868 shares of the basic materials company’s stock valued at $307,000 after buying an additional 570 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of Dow Chemical Company (The) by 0.6% in the second quarter. CENTRAL TRUST Co now owns 71,805 shares of the basic materials company’s stock valued at $4,529,000 after buying an additional 439 shares in the last quarter. Finally, Portfolio Solutions LLC purchased a new position in shares of Dow Chemical Company (The) during the second quarter valued at about $580,000. 69.00% of the stock is owned by hedge funds and other institutional investors.
Dow Chemical Company (DOW) opened at 66.77 on Thursday. The company has a market cap of $81.57 billion, a price-to-earnings ratio of 16.45 and a beta of 1.13. Dow Chemical Company has a 52-week low of $51.57 and a 52-week high of $66.79. The company’s 50-day moving average price is $64.21 and its 200-day moving average price is $62.29.
Dow Chemical Company (The) (NYSE:DOW) last issued its quarterly earnings data on Thursday, April 27th. The basic materials company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.05. The company had revenue of $13.23 billion during the quarter, compared to the consensus estimate of $12.46 billion. Dow Chemical Company (The) had a net margin of 9.77% and a return on equity of 16.65%. Dow Chemical Company (The)’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Equities research analysts expect that Dow Chemical Company will post $4.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, July 31st will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio (DPR) is 46.82%.
Several research analysts have recently issued reports on the company. Cowen and Company reissued a “hold” rating and issued a $60.00 target price on shares of Dow Chemical Company (The) in a research report on Friday, July 14th. BidaskClub raised Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 target price on shares of Dow Chemical Company (The) in a research report on Thursday, July 6th. Zacks Investment Research lowered Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, UBS AG reissued a “buy” rating and issued a $72.00 target price on shares of Dow Chemical Company (The) in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Dow Chemical Company (The) presently has an average rating of “Buy” and a consensus target price of $69.69.
About Dow Chemical Company (The)
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